What it really costs to pay off early.
Thinking about paying off or settling an advance? Enter your numbers to see what you would still owe, what a settlement might cost, and why a fixed factor means early payoff rarely saves money. An estimate for comparison, not a contractual APR.
What paying early saves you
$0
With a fixed factor and no settlement discount, paying early does not shrink the cost. The dollars are locked in the day you sign.
Estimates only. Actual terms vary by underwriting.
Remaining payback owed
The purchased amount still left to collect.
Payoff amount today
The one lump to clear the balance now.
Already paid so far
Remittances collected up to now.
Total paid if you pay now
Paid so far plus the payoff lump.
Effective cost, if you pay now vs ride it out
Same dollars over fewer days. The annualized cost of paying now is higher, not lower.
APR-equivalent (estimate for comparison only, not a contractual APR).
A settlement is a negotiation, and it carries real risk
Only pursue a settlement in genuine hardship, and get any reduced balance in writing before you pay. Do not stop your remittances to force a deal, that can trigger personal guarantees, liens, and legal action. The figure above is an illustration of an agreed discount, not a promise that a funder will offer one.
This is an estimate based on the numbers you entered, not an offer of credit or a commitment to fund.
Estimates only. Actual terms vary by underwriting. No credit pull to start.
Paying off one advance is hard when daily payments are stacked across several. See the full picture with the Stacked Advance & Consolidation Calculator.
Open the stacked calculator→No pressure
Nothing to decide today. If you want this checked against your actual statements, it is a two-minute review with no credit pull.
If the number looks high
Paying early does not lower the cost here, and the effective rate is steep. Before you drain cash to clear it, get a second read. A lower-cost path may exist. See your options, no credit pull to start.
Honest note: if daily payments are the problem, restructuring can lower the drain while keeping you in good standing. That is usually a better path than a risky settlement.
Early payoff and settlement, explained
Usually no. With a fixed factor there is no discount, so you still owe the remaining purchased amount unless your agreement includes a prepay discount.
Same dollars over fewer days raises the annualized rate. Paying early can make the effective cost higher, not lower. The APR-equivalent is an estimate for comparison, not a contractual APR.
Some funders reduce the remaining balance if you pay off early. It is not standard, so confirm it in writing before you count on it.
You can restructure or refinance it through consolidation, reverse consolidation, or a lower-cost loan. See the guide on getting out of an advance.
No. Stopping payments can trigger personal guarantees, liens, and legal action. Legitimate restructuring lowers your burden while keeping you in good standing.
No. It is an estimate based on the numbers you enter, not an offer of credit or a commitment to fund. Actual terms vary by underwriting, and there is no credit pull to start.